ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.316%

Price spread now: Injective against Lighter+4.872%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.640%−$364 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 4.872% dearer against Lighter than usual: you sell high and buy low (spread +4.872% now, against zero (this spread has no 7-day history yet)): +$487 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 7 days (−3.640% in total) that is about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ONDO	0.4356	0.0096	pay 0.0012% / 1h	22m 19s	$1.1M	$2.4M	10x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	22m 19s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersPrice spread, now +4.872%Rate

Funding earned: −$13.16
Price spread: +4.872% → 0.000%: $487.17
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $473.99
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 5 min ago	3.83 bp	4.0 bp −$4	34.5 bp −$345	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0175%	1h	0.4355	−0.027%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4346	−0.225%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+4.872%	$888	$216K	5.5x
Lighter ONDOlong	+0.0096%	1h	0.4356	long leg	$1.1M	$2.4M	10x
Nado ONDO-PERP	+0.0100%	1h	0.4353	−0.064%	$343K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4356	−0.005%	$766K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4354	−0.048%	$63.5M	$232.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4350	−0.133%	$68.0M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4354	−0.041%	$17.4M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−1.077%	$71K	$79K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4354	−0.034%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4351	−0.110%	$13.4M	$15.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	−0.110%	$43.7M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4351	−0.110%	$12.2M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4356	+0.005%	$25.2M	$36.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4352	−0.087%	—	$779K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4351	−0.112%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	−1.289%	$676K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4313	−0.992%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4314	−0.960%	$400K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4310	−1.051%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−0.117%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4354	−0.041%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4356	+0.005%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4356	+0.005%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4357	+0.028%	$129K	$368K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4353	−0.064%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4354	−0.044%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4355	−0.009%	$361K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4356	+0.010%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0209%	1h	0.4356	+0.005%	$28K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	−0.363%	$214K	$715K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4356	−0.005%	$358	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4330	−0.595%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4348	−0.179%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0479%	1h	0.4355	−0.014%	$36.5M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4348	−0.174%	$503K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4352	−0.092%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3436%	1h	0.4351	−0.118%	$249K	$159K	5x	as long as short